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621 S Cannon St

Spokane, WA 99204
  • $1,200,000
  • STATUS: Pending
  • ON SITE: 51 Days
  • ID#: 202125618
Pending
UPDATED: 62 min ago
$1,200,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,842
    SQFT
  • $248
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1931
County:
Area:

School Information

High School:
School District:

Description

Outstanding opportunity to own these 7 buildings and 12 units in this great south Spokane rental location. Easy walk to shopping, downtown or Deaconess Hospital. Several units have had makeovers. All have vinyl windows. Rent projected at $750.00 for studios and $800.00 for 1 bedroom units. Properly managed, this has the ability to be an off the chart property. Air B&B or VRBO property. The cash flow gets crazy at $65.00 to $75.00 a night. Seller will consider financing. The 7th building could be developed into another rental or laundry facility. Use your imagination, tool belt and management to turn this into a gold mine. Could be a great condo or tiny house community.

Monthly Payment Calculator

© 2022 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2022-01-24T07:20:34.313.
www.spokanehomegurus.com/homes/123730728
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621 S Cannon St Spokane, WA 99204

  • Price: $1,200,000
  • Status: Pending
  • On Site: 51 Days
  • Updated: 62 min ago
  • ID#: 202125618
0
Beds
0
Baths
0
½ Baths
0.29
Acres
4,842
SQFT
$248
$/SQFT
1931
Built
Neighborhood:
A220/040
County:
Spokane
Area:
A220/040
High School:
Lewis & Clark
School District:
Spokane Dist 81
Property Description
Outstanding opportunity to own these 7 buildings and 12 units in this great south Spokane rental location. Easy walk to shopping, downtown or Deaconess Hospital. Several units have had makeovers. All have vinyl windows. Rent projected at $750.00 for studios and $800.00 for 1 bedroom units. Properly managed, this has the ability to be an off the chart property. Air B&B or VRBO property. The cash flow gets crazy at $65.00 to $75.00 a night. Seller will consider financing. The 7th building could be developed into another rental or laundry facility. Use your imagination, tool belt and management to turn this into a gold mine. Could be a great condo or tiny house community.
Exterior Features

Access Public Road Design Rancher Exterior Shake Garage Parking Off St PrkgNone Garage Size Other Lot Information Fncd Frt YdLevel Roof Composition Style Of Construction 1 Story

Interior Features

Basement Slab Baths Unit A 1 Baths Unit B 1 Beds Unit A 1 Dining Informal Kitchen And Appliances Freestanding RangeRefrigerator Ranges 12 Refrigerators 12

Property Features

Amenities Satellite DishCable Internet Common Amenities None Features 200 AmpBreakers Gross Monthly Income 9400 Heat Cooling ElecEl Wall Unit Monthly Rent Unit A 800 Monthly Rent Unit B 750 Num Units A 8 Num Units B 4 Site Improvements Public SewerPublic WaterSewer Connections Special Features Vinyl Window Frames Sub Type Rental Income Taxes 5890.50 Terms CashConvOwner Fin

Listing provided courtesy of Live Real Estate, Llc.
© 2022 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2022-01-24T07:20:34.313.
 
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799 S Stevens St.
Spokane WA, 99021